Clean Energy Tax Credits Repeal and Public Lands Sale Legislation

passed by house, pending senate approval

A multitrillion-dollar tax breaks package passed by House Republicans that repeals or phases out clean energy tax credits from the 2022 Inflation Reduction Act, while supporting increased mining, drilling, and traditional energy production. The bill also initially included provisions to sell or transfer about 460,000 acres of federal land in Nevada and Utah, but this was later stripped out. The bill tightens tax credit restrictions for projects associated with foreign entities and cuts off projects that don't start construction within 60 days of the bill's passage, requiring operation before 2029.